STOCK TITAN

21Vianet Announces Results of 2021 Extraordinary General Meeting

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On October 8, 2021, 21Vianet Group, Inc. (VNET) held an Extraordinary General Meeting in Beijing, where shareholders approved a special resolution to change the company's name to VNET Group, Inc. This decision is effective immediately. VNET is recognized as a leading carrier- and cloud-neutral Internet data center services provider in China, offering a range of services including cloud and IDC services to a diverse client base across various industries. The company operates in over 20 cities and serves more than 6,000 enterprise customers.

Positive
  • Name change to VNET Group, Inc. reflects a more streamlined brand identity.
  • Continues to serve a large and diversified base of over 6,000 enterprise customers.
Negative
  • None.

BEIJING, Oct. 08, 2021 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (“VNET” or the “Company”) (Nasdaq: VNET), a leading carrier- and cloud-neutral Internet data center services provider in China, today announced the results of its 2021 Extraordinary General Meeting which was held on October 8, 2021 in Beijing, where it adopted a special resolution to approve the change of the Company’s name to “VNET Group, Inc.”, effective immediately.

About VNET

VNET Group, Inc. is a leading carrier- and cloud-neutral Internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security and speed of its customers' Internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's Internet backbone. VNET operates in more than 20 cities throughout China, servicing a diversified and loyal base of over 6,000 hosting and related enterprise customers that span numerous industries ranging from Internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “target,” “believes,” “estimates” and similar statements. Among other things, quotations from management in this announcement as well as VNET’s strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET’s goals and strategies; VNET’s expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET’s services; VNET’s expectations regarding keeping and strengthening its relationships with customers; VNET’s plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET’s reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contacts:

Xinyuan Liu
+86 10 8456 2121
IR@21Vianet.com

Julia Jiang
+86 10 8456 2121
IR@21Vianet.com


FAQ

What was the outcome of VNET's Extraordinary General Meeting on October 8, 2021?

The Extraordinary General Meeting resulted in the approval of a special resolution to change the company's name to VNET Group, Inc.

What does VNET Group, Inc. provide?

VNET Group, Inc. is a leading provider of carrier- and cloud-neutral Internet data center services in China, including hosting, IDC, cloud, and business VPN services.

How many customers does VNET serve?

VNET serves over 6,000 enterprise customers across various industries in more than 20 cities in China.

When did the name change to VNET Group, Inc. become effective?

The name change to VNET Group, Inc. became effective immediately after the approval on October 8, 2021.

VNET Group, Inc. American Depositary Shares

NASDAQ:VNET

VNET Rankings

VNET Latest News

VNET Stock Data

963.75M
240.42M
9.55%
33.91%
1.73%
Information Technology Services
Technology
Link
United States of America
Beijing